This is the second fintech accelerator Nordea is running, after an inaugural program last year. Nordea says it is still working with two of the teams from that first program: Jenny, a customer service-powered artificial intelligence startup and Feelingstream, from Estonia, which analyses how customers are feeling.

Nordea is running the programme alongside Nestholma Venture Accelerator and offers the chance for startups to run pilots with the bank’s customers and data. Each team gets an investment of EUR12,000 and says there is also the opportunity to raise up to EUR150,000 from Netholma. Tata Consultancy and IBM are among the other partners that will be involved in the program.